BUSINESSQUARTZ
Intuit stock is sliding as TurboTax loses price-conscious customers to rivals
Intuit stock is sliding because TurboTax is reportedly losing price-conscious customers to rivals. The tax software maker further forecast revenue growth of 9% to 10% for fiscal 2027, a pace that is below the recent rate of 14%.
Related Signal
Adjacent reporting
- Customers are fleeing TurboTax over price, and Intuit’s stock is sliding
- Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
- Intuit hits a record milestone of $20 billion in revenue—and sets the stage for a strategic pullback
- Accenture stock sinks after cutting its full-year revenue forecast
- Two big reasons Accenture’s stock is sliding in the wake of earnings
- Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth